PennantPark Floating Rate Capital declares $0.1025 dividend

By Bobby Samwell • Saturday, January 04 06:00 • Permanent Link

PennantPark Floating Rate Capital Ltd. recently declared a monthly distribution of $0.1025 per share for January 2025, payable on February 3, 2025 to stockholders of record as of January 15, 2025. The company operates as a regulated investment company and generates qualified interest income and short-term capital gains. Since its inception in 2007, PennantPark Investment Advisers, LLC has managed $8.9 billion of investable capital, including potential leverage, and has provided investors access to middle market credit.

In terms of financial performance, it would be useful to provide a comparison of the current distribution per share with the previous period's distribution to show any changes. Additionally, highlighting any fluctuations in the company's investable capital or the types of financing solutions offered by PennantPark Investment Advisers, LLC would add depth to the report. Following these announcements, the company's shares moved 0.9%, and are now trading at a price of $11.09. For the full picture, make sure to review PennantPark Floating Rate Capital's 8-K report.

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